![]() "And so we built this spending account and a cash card. “The next generation has a high interest in investing, but it is out of reach for many because they're caught up in the cycle of spending” Robinhood Chief Product Officer Aparna Chennapragada told Yahoo Finance. ![]() NASDAQ makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein.Robinhood ( HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity.įor each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. and have been licensed for use by Invesco, QQQ's sponsor. ![]() NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq Stock Market, Inc. The sponsor of the Nasdaq-100 TrustSM, a unit of investment trust, is Invesco Capital Management LLC (Invesco). ![]() Jay Wright is a paid actor, not an actual investor of the Invesco QQQ ETF. Invesco is not affiliated with the NCAA®, Grant Hill, Candace Parker, or Jay Wright. NCAA is a trademark of the National Collegiate Athletic Association. Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 Shares. Low cost: Since ordinary brokerage commissions apply for each ETF buy and sell transaction, frequent trading activity may increase the cost of ETFs. Transparency: Most ETFs disclose their holdings daily. An investor cannot invest directly in an index.ĭiversification does not guarantee a profit or eliminate the risk of loss. The Nasdaq-100 Index comprises the 100 largest non-financial companies traded on the Nasdaq. Holdings are subject to change and are not buy/sell recommendations. Investments focused in a particular sector, such as technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund. The Fund is subject to certain other risks. The Fund's return may not match the return of the Underlying Index. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. There are risks involved with investing in ETFs, including possible loss of money. NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice nor should it be construed as a solicitation, recommendation, endorsement, or offer for any investment strategy or product for a particular investor. Investors should also consult their own tax professionals for information regarding their own tax situations. Investors should consult a financial professional before making any investment decisions. Invesco Distributors, Inc., ETF distributor, and Invesco Capital Management LLC, ETF sponsor, do not provide financial advisory services or tax advice. If you have general questions about Invesco QQQ or ETFs, we are here to help. ![]()
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